HSB 21 (LSB 1432YC (3) 90)

HOUSE FILE _____ 

BY  (PROPOSED COMMITTEE ON VETERANS AFFAIRS BILL BY CHAIRPERSON INGELS)

A BILL FOR

An Act relating to the amount the commission of veterans affairs may use from certain designated sources for the benefit of veterans and making an appropriation.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 35A.13, subsection 5, paragraph a, Code 2023, is amended to read as follows:
   a.  For each fiscal year that the balance of the trust fund on July 1 is below fifty million dollars, the interest and earnings on moneys in the fund and the first five eight hundred thousand dollars transferred pursuant to section 99G.39 from the lottery fund are appropriated to the commission to be used to achieve the purposes of subsection 7. Moneys appropriated to the commission under this paragraph that remain unencumbered or unobligated at the end of the fiscal year shall revert to the fund.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill increases the amount the commission of veterans affairs may use from the veterans trust fund for the benefit of veterans in a year when the balance of the veterans trust fund on July 1 of that fiscal year is below $50 million from $500,000 to $800,000.